Goldman Sachs says gold will see $US 640 in 2006
Goldman Sachs said this month that the world was at the start of the second phase of a three-stage oil super-cycle that would last until 2012. The investment bank is also bullish about other commodities. It picked buying gold as one of its top foreign exchange trades for next year, and predicted that bullion prices could reach $640 an ounce in the medium term.